70GD (UK) Market Value
| 70GD Stock | 0.71 0.00 0.00% |
| Symbol | 70GD |
Please note, there is a significant difference between 70GD's value and its price as these two are different measures arrived at by different means. Investors typically determine if 70GD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 70GD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
70GD 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 70GD's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 70GD.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in 70GD on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding 70GD or generate 0.0% return on investment in 70GD over 720 days. 70GD is related to or competes with Toyota, SoftBank Group, OTP Bank, Freeport McMoRan, Baker Hughes, ONEOK, and Ametek. 70GD is entity of United Kingdom. It is traded as Stock on LSE exchange. More
70GD Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 70GD's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 70GD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0638 | |||
| Maximum Drawdown | 4.41 |
70GD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 70GD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 70GD's standard deviation. In reality, there are many statistical measures that can use 70GD historical prices to predict the future 70GD's volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.0576 | |||
| Total Risk Alpha | 0.0416 | |||
| Treynor Ratio | (1.71) |
70GD Backtested Returns
Currently, 70GD is relatively risky. 70GD secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of price deviation over the last 3 months. We have found sixteen technical indicators for 70GD, which you can use to evaluate the volatility of the entity. Please confirm 70GD's Variance of 0.2949, information ratio of 0.0638, and Mean Deviation of 0.1317 to double-check if the risk estimate we provide is consistent with the expected return of 0.0679%. 70GD has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0332, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 70GD are expected to decrease at a much lower rate. During the bear market, 70GD is likely to outperform the market. 70GD today shows a risk of 0.55%. Please confirm 70GD standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if 70GD will be following its price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
70GD has weak reverse predictability. Overlapping area represents the amount of predictability between 70GD time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 70GD price movement. The serial correlation of -0.21 indicates that over 21.0% of current 70GD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 156.33 |
70GD lagged returns against current returns
Autocorrelation, which is 70GD stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 70GD's stock expected returns. We can calculate the autocorrelation of 70GD returns to help us make a trade decision. For example, suppose you find that 70GD has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
70GD regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 70GD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 70GD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 70GD stock over time.
Current vs Lagged Prices |
| Timeline |
70GD Lagged Returns
When evaluating 70GD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 70GD stock have on its future price. 70GD autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 70GD autocorrelation shows the relationship between 70GD stock current value and its past values and can show if there is a momentum factor associated with investing in 70GD.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for 70GD Stock Analysis
When running 70GD's price analysis, check to measure 70GD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 70GD is operating at the current time. Most of 70GD's value examination focuses on studying past and present price action to predict the probability of 70GD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 70GD's price. Additionally, you may evaluate how the addition of 70GD to your portfolios can decrease your overall portfolio volatility.